3,940 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Rockland Trust Co.

Rockland Trust Co. bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,940 shares of the mining company’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC increased its stake in Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Agnico Eagle Mines by 16.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock valued at $474,660,000 after purchasing an additional 817,240 shares during the last quarter. National Bank of Canada FI increased its position in shares of Agnico Eagle Mines by 7.4% in the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock valued at $334,749,000 after buying an additional 285,565 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Agnico Eagle Mines by 17.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock worth $326,571,000 after buying an additional 591,178 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Agnico Eagle Mines by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after buying an additional 178,999 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.13.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $84.32 on Thursday. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $89.00. The firm has a market cap of $42.32 billion, a price-to-earnings ratio of 42.16, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. The company’s 50-day moving average is $81.68 and its two-hundred day moving average is $80.03. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.